Vicarious Liability under a Strict Liability Rule

Se Hak Chun; Jeong Yoo Kim

doi:10.1515/ajle-2021-0045

Vicarious Liability under a Strict Liability Rule

Se Hak Chun, Jeong Yoo Kim

Dept. of Business Administration

Kyung Hee University

Research output: Contribution to journal › Article › peer-review

1 Scopus citations

Abstract

In this article, we extend the model of Newman, H., and D. Wright. 1990. "Strict Liability in a Principal-Agent Model."International Review of Law and Economics 10: 219-231 and strengthens their result that the strict liability can attain social optimum in a principal-agent relation to the situation in which the court appreciates any contractual terms regarding apportionment of damages between an employer and an employee under vicarious liability rule. Our model also generalizes and extends vicarious liability to the negligence-based liability rule.

Original language	English
Pages (from-to)	287-297
Number of pages	11
Journal	Asian Journal of Law and Economics
Volume	12
Issue number	3
DOIs	https://doi.org/10.1515/ajle-2021-0045
State	Published - 1 Dec 2021

Keywords

joint and several liability
judgement-proof
negligence rule
strict liability
vicarious liability

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ER -

Vicarious Liability under a Strict Liability Rule

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Keywords

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